Community West Bancshares (NASDAQ:CWBC) Announces Earnings Results, Misses Estimates By $0.07 EPS

Community West Bancshares (NASDAQ:CWBC) announced its quarterly earnings data on Thursday. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.07), Zacks reports. Community West Bancshares had a net margin of 4.53% and a return on equity of 8.14%.

Community West Bancshares Price Performance

Community West Bancshares stock traded up $0.07 during midday trading on Thursday, reaching $18.87. The company’s stock had a trading volume of 32,942 shares, compared to its average volume of 40,392. The firm has a market capitalization of $357.59 million, a PE ratio of 28.59 and a beta of 0.92. Community West Bancshares has a fifty-two week low of $15.50 and a fifty-two week high of $24.47. The stock’s 50 day simple moving average is $20.20 and its 200 day simple moving average is $19.73. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.82 and a current ratio of 0.82.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods increased their price target on shares of Community West Bancshares from $21.00 to $24.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th.

Insider Transactions at Community West Bancshares

In other news, Director Steven D. Mcdonald sold 1,860 shares of Community West Bancshares stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $21.51, for a total transaction of $40,008.60. Following the completion of the sale, the director now directly owns 315,531 shares in the company, valued at approximately $6,787,071.81. This trade represents a 0.59 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert Bartlein purchased 2,000 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was purchased at an average price of $18.75 per share, for a total transaction of $37,500.00. Following the acquisition, the director now owns 433,876 shares in the company, valued at approximately $8,135,175. This trade represents a 0.46 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 2,432 shares of company stock valued at $45,616 in the last ninety days. 11.15% of the stock is currently owned by company insiders.

About Community West Bancshares

Community West Bancshares operates as the bank holding company for Community West Bank, N.A. that provides various financial products and services in California. The company offers deposit products, such as checking accounts, savings accounts, money market accounts, and fixed rate and fixed maturity certificates of deposits; and cash management products.